What you need to know about the Great Depression

The Great Depression was the result of the consumer credit bubble of the roaring 20s. But the actions taken then to save the US economy have sown the seeds of today's dollar crisis, says Dan Amoss in The Daily Reckoning. So what can investors learn from the bad old days - and how can it help them survive any future bear market?

'A chicken in every pot, a car in every garage.'

The above quote, attributed to President Herbert Hoover's 1928 election campaign, epitomizes the mass psychology characteristic of the Roaring '20s. In a country that had long enjoyed a remarkable period of prosperity, it was felt that the trajectory of the boom's trend would eventually lead to an eradication of poverty.

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